Brief Exercise 10-7 Torres Company accumulates the following summary data for the year ending December 31, 2017, for its Water Division, which it operates as a profit center: sales $1,900,000 budget, $2,180,000 actual; variable costs-$1,000,000 budget, $1,040,000 actual, and controllable fixed costs-$295,000 budget, $302,000 actual Prepare a responsibility report for the Water Division. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual